RBS worst hit in Bank of England stress test

RBS worst hit in Bank of England stress test
 

RBS has missed key hurdles in a Bank of England stress test, forcing it to devise new plans in case of a financial crisis.
The toughest stress test yet measured the UK's seven biggest lenders against a global economic crash.
RBS performed the worst and was forced to draw up a new capital plan, which has been accepted.
The bank said it had "agreed a revised capital plan... to improve its stress resilience".
It said the change came "in light of the various challenges and uncertainties facing both the bank and the wider economy highlighted by the concurrent stress testing... read more

 
Wednesday, 07:22 in Business, Views: 41
Source: BBC
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